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Below is a full list of our tariff of mortgage charges. Alternatively you can download a list of our Tariff of Mortgage Charges (114KB).
With some of our mortgages, you may have to pay a product fee. You can choose to pay this fee upfront or when your mortgage funds are released, or as part of your monthly mortgage payment following the next annual review of your account.
Where a loan exceeds 75% of the purchase price or valuation (whichever is the lower) there is increased risk to us. To cover us against this risk, a Higher Lending Charge (HLC) is payable.
For more information on whether you have to pay a Higher Lending Charge, please read this section in our lending criteria.
A mortgage application processing fee of £130 is payable on selected products. This fee is payable on application and is non-refundable. This fee is charged to cover the costs associated with processing a mortgage application.
You'll find details of specific mortgage application fees and early repayment charges on the mortgage information pages. You'll also receive a Key Facts Illustration document before your mortgage application and this document will be incorporated into your mortgage offer. This will also include any product specific application fees and early repayment charges, plus any other fees such as application processing fees and valuation fees. You can view and download an online Key Facts Illustration for a selected product using our online tool .
Take a look at the tables below for details of mortgage and arrears related fees, effective from 01/03/2015.
|Transfer of equity||£160.00|
|Property letting †||£72.00|
|Copy mortgage statements||£11.00|
|Breakdown of transaction||£12.00|
|Certificate of interest/interest paid certificate||£11.00|
|Subsequent redemption statements||No charge|
|Unpaid direct debit||£12.00|
|Provision of a lender's reference||£27.00|
|Consent to second/subsequent charge||£16.00|
|Certificate of title||£15.00|
|Borrower title query||£25.00|
|Deeds production (inspection only)||£38.00|
|Removal of mortgage from Scottish Land Registry||£160.00|
|Payment of unpaid ground rent/service charges||£45.00|
|Release of part security/approval of other legal agreements||£65.00|
|Mortgage Fee (formerly Redemption Administration Fee)||Please refer to your offer document|
|Mortgage Application Processing Fee||£130.00|
|Product Switching Fee||£90.00|
Product fees and early repayment charges are detailed in the relevant product factsheet, the Key Facts Illustration document you should have received before your mortgage application was made, and in your mortgage offer. Your Key Facts Illustration and offer will also detail other fees payable such as mortgage fees and valuation fees. You can view and download an online Key Facts Illustration for a selected product using our online tool .
|Fee||When This Fee Is Payable||Amount|
|Monthly Arrears Charge||This may be charged if your mortgage account falls into arrears by two or more monthly payments, unless there is an arrangement in place to fully repay the arrears and it is being maintained||£35 per month, per account|
|Third Party Field Agents appointment||An appointment for a representative of ours who visits you at home to discuss your mortgage account, financial position and circumstances||£80|
|Missed third party Field Agents appointment||A cancelled or missed appointment with a field agent||£60|
|Property Inspection||Property inspection to identify occupancy and/or property condition||£55|
|Address Confirmation||This fee will be charged where it is necessary for us to trace your current whereabouts||up to £100|
**If your mortgage account falls into arrears by two or more monthly payments, a monthly arrears administration fee will be charged - unless there is an arrangement in place to fully repay the arrears and this arrangement is being maintained.
If we need to ask our solicitors to recover any missed payments, litigate or start Court proceedings to obtain possession of your home, you will be liable for all their fees, costs and expenses. Listed below are the standard costs. You will also be liable for any additional non-standard or other third party costs. These will vary depending on circumstances. You will be liable for all costs and expenses we incur. As a guide only, for properties in England and Wales, typical litigation costs can be in the region of £800.
|Fee Per Solicitor Instructed To:||When This Fee Is Payable||Amount|
|Commence legal action||Notify you in writing of our instructions to commence legal action||£25|
|Issue proceedings||Issue Court proceedings and apply for a hearing date||£75|
|Preparation||Prepare for the Court hearing date||£60|
|Attend hearing||Arrange attendance at the Court hearing and dealing with the outcome||£25|
|Adjournment||Adjourn the Court hearing date||£60|
|Monitoring||Monitor the payment terms of the Suspended Possession Order. Charged per each unbroken period of monitoring.||£50|
|Enforcement||Enforce the Possession Order and obtain an eviction date||£25|
|Attendance for eviction||Instructions to solicitors to arrange attendance on the day of eviction||£60|
Instructions to solicitors to suspend a warrant for possession:
|Cancellation of Eviction||Cancelling the eviction after 5pm on the day before the eviction||£125|
If we obtain possession of your home you will be liable for all our solicitors', agents' and other third parties' fees and all other associated costs and expenses. These include costs in connection with the management, maintenance and the sale of the property. We may also need to instuct agents to carry out investigative work. The list below sets out the standard costs. You will also be liable for any additional non-standard costs and charges. These will vary depending on circumstances. You will be liable for all costs and expenses we incur. As a guide only, typical sale in possession costs are in the region of £3000.
|Fee||When This Fee Is Payable||Amount|
|Possession Administration fee||Administrative costs for managing the sale of the property||£300|
|Valuation cost||Report from a RICS qualified surveyor of the estimated market value of the property and suggested marketing price. Two valuations will be obtained.||£100 per valuation|
|Estate Agent/Auctioneer Commission||Recommendation of the proposed selling price and marketing strategy, advertising and agreeing a sale either through private treaty or an auction sale||1.5% of sale price (minimum fee £1,000)|
|Solicitors Costs for a standard sale||Solicitors conveyancing costs for checking the title to the property, preparing a contract, exchange and completion of the contract.||£300|
|Withdrawal Fee||For instructing the asset manager to take the property off the market||£150 plus costs|
|Energy Performance Certificate||Charge for the compilation of an Energy Performance Certificate required by a buyer before the property can be marketed||£59|
|Property management costs||Charged following possession of the property for changing locks, draining and switching off systems, and clearance of property in preparation for sale||£400|
|Garden maintenance||Garden maintenance whilst the property is marketed for sale during seasonal months: April – October||£50 per visit|
To arrange an accompanied visit to remove remaining items from the property
|Auction Entry Fee||Fee for entering a property into an auction sale||£250|
|Solicitors costs - abortive sale||Solicitors costs where an offer is withdrawn||£50|
|Solicitors costs - distributing surplus proceeds||Solicitors costs in establishing identity of the entitled person to whom the surplus should be paid, and distribution of surplus proceeds||£50|
|Solicitors costs - distributing surplus proceeds||Solicitors costs in establishing identity of the entitled person to whom the surplus should be paid, including tracing and distribution of surplus proceeds||£125|
|Solicitors costs - payment of surplus proceeds into Court||Solicitors costs to make payment of surplus proceeds into Court||£250|
The arrears, litigation and possession fees are for properties in England and Wales. Fees will vary for properties in Northern Ireland and Scotland. These fees quoted for arrears management, litigation and possession are subject to VAT. The fees will be added to your mortgage balance.
Further details of when fees apply can be found in our booklet 'How Your Mortgage Works', which is available in branch.
If we take action to enforce the terms of the mortgage, you will be responsible for payment of all fees (including legal fees, which will be added to your mortgage balance). The fees payable will depend upon the type of action we have to take.
For information about mortgage valuations, the different types of inspections and their associated costs, please read Mortgage valuations.
Our online tool will provide you with a comprehensive summary of any product available to you, including the amount of the monthly payments and any fees which you must pay.
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